Credit Derivatives, Their Risks and Role in Global Financial Crisis
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer International Publishing Ag
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Derivatives are financial instruments that derive its value from underlying asset such as bond, loan or credit. Credit derivatives are a subgroup of derivatives and mainly consist of credit default swaps, credit linked note, credit swap options and collateralized debt obligations. Credit derivatives market has experienced an exponential growth in recent years. From almost nothing in 1990s, approached to $ 60 trillion in 2008. Growth was particularly strong in credit default swaps. Force behind this fast growth is rising demand for hedging and transferring the credit risk. After the credit crisis, misuse of credit derivatives and insufficient regulations are come into light and mostly argued. Many claimed to ban these instruments whereas many other tried to find alternative solutions. The purpose of this paper is to explain the issue of credit derivatives, their mechanism and their role in financial system and global credit crisis.
Açıklama
Anahtar Kelimeler
Kaynak
Risk Management, Strategic Thinking And Leadership In The Financial Services Industry: A Proactive Approach To Strategic Thinking
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
